UK Stock Market News Today – 23-Aug-2019
Henry Boot (BOOT) – 234p – £312m – PER 8
Interim Results For The 6 Months To End June 2019 – PBT down -8%, EPS down -9.6%, Net Debt up 93.5% with the Interim Dividend up 15.6%. Confident of meeting FY expectations albeit with some caution regarding Brexit outcome (best be a good H2).
Looks about fairly valued as growth (forecasts) look rather pedestrian, assuming they can catch up in H2!
Eddie Stobart Logistics (ESL) – 71p – £269m – PER 5.5
Oh Dear! – CEO gone, Adjusted EBIT in question, Dividend policy to be reviewed, shares suspended.
Nothing to do but wait on the side-lines here.
As always, all comment most welcome!